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प्रश्न
What is barter?
उत्तर
Before money was invented, the exchange took place by Barter, that is, commodities and services were directly exchanged for other commodities and services. Such exchange of goods for goods was known as “Barter Exchange” or “Barter System”.
APPEARS IN
संबंधित प्रश्न
Define money.
Choose the correct option:
Arrange in the order of evolution of money
- Plastic money
- Paper money
- Electronic money
- Credit money
Complete the correlation
Barter system : Goods :: Modern economy :________
Suggest an economic term for the given statement:
The act of exchanging goods for goods - _________
Suggest an economic term for the given statement:
A system that makes use of currency for facilitating payments - _________
State with reason whether you Agree or Disagree with the following statement:
There are no difficulties in the barter system.
State with reason whether you Agree or Disagree with the following statement:
There are many good qualities founds in modern currency.
Money is ______.
The paper currency system is managed by the ______.
“Money can be anything that is generally accepted as a means of exchange and that the same time acts as a measure and a store of value”, This definition was given by ______.
The debit card is an example of ______.
What is commodity money?
What is the gold standard?
What is plastic money? Give example.
Explain why the purchasing power of money falls when the price level rises.
